Key Terms
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate group, these are called subsidiaries.
In business, an independent company as a term of distinction generally refers to privately owned companies (as opposed to those companies owned publicly through a distribution of shares on the market).
The ownership of multiple media businesses by a person or corporation. These businesses can include broadcast and cable television, radio, newspaper, book publishing, video games, and various online entities.
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